I feel like this is an exceptionally dumb question but, does paying in “cash” limited to paying with paper currency? Or would paying for something, say a vehicle, in full and with a debit card also qualify? so, basically, does not paying with credit or in payments qualify?
Also, paying in full with a debit card is a preferred method for a car dealership, right? Would that be something that one could offer in negotiation in order to bring the price down a bit?
Thanks for anyone who answers this. Much appreciated and have a good day.
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In this context, it would be paying in full at the time of purchase. Not financing. Physical cash, debit card, checks, bank transfers would all count.
I don’t know if they’d take debit card, that hadn’t actually occurred to me. I just bought a car with cash recently and used a paper check. The other big option brought up was an ACH transfer.
Do not bring this up until you’ve agreed on a price already, it won’t help you and will probably hurt you. You won’t get a discount and in fact may be charged more. Dealerships make more money when you finance through them. You let slip that your paying cash, and that extra money is gone.
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